Northern Gritstone Limited
We are an independent investment company, supporting the leading businesses of tomorrow which emerge from the world-class science and innovation hub that is the North of England today.
Percentage of assets covered by the Net Zero Asset Managers Commitment Statement
100% of total AUM (USD $0.25 billion)
Information on interim target(s) covering the proportion of assets to be managed in line with net zero
Baseline(s):
Portfolio coverage baseline
0%
Engagement threshold baseline
0%
Target(s):
Portfolio coverage target
30 % of invested capital or financed emissions to be managed in alignment with net zero by 2030.
80% of invested capital to be managed in alignment with net zero by 2040 and 100% by 2050.
Engagement threshold target
50% of financed emissions under engagement by 2030.
100% of financed emissions under engagement by 2040.
GHG scopes included:
Currently the Company measures its own scope 1, 2 and 3 carbon emissions and is in the process of collecting the carbon emissions of investee companies, which will be reported in the financial year ended 31 March 2024 using the operational control approach and initially cover investee scope 1 and 2 emissions, with scope 3 emissions to be incorporated the following year.
Methodology:
Net Zero Investment Framework
Scenario(s):
Not currently possible due to an absence of data, but will model this in the future.
Additional information
Proportion of AUM committed:
All assets are early stage venture capital investments in which Northern Gritstone holds a minority stake.
Policy on coal and other fossil fuel investments:
See investment exclusion list of our Purpose & Impact policy (Page 2): https://static1.squarespace.com/static/646de93004d1997ec858f7de/t/65250c88da67713f3a04a4e6/1696926856656/Purpose+%26+Impact+Policy.pdf
Further information:
2023 annual report (See page 19):
https://static1.squarespace.com/static/646de93004d1997ec858f7de/t/64de12ffe9d5ce7d9358c937/1692275463239/NG+Annual+Report+Mar+23.pdf